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The pan-European Stoxx 600 index was flat in early morning trade, with sectors and major bourses pointing in opposite directions.

· Global bond yields continued to spiral lower in Asia on Thursday as recession fears fed expectations of more policy easing by major central banks, though some share markets in the region did manage to steady after an early sell off.

MSCI’s broadest index of Asia-Pacific shares outside Japan recouped early losses to be almost flat, as did Shanghai blue chips.

A Reuters report that the United States and China had made progress in all areas in trade talks seemed to bolster sentiment a little, though sticking points still remained and there was no definite timetable for a deal.

· Japan’s Nikkei slipped on Thursday as sliding U.S. bond yields fed fears about a slowdown in the world’s largest economy and a deepening downturn globally, putting a dent on cyclical stocks such as exporters.

The Nikkei share average ended 1.6 percent lower at 21,033.76.

· Chinese shares ended weaker on Thursday as lingering concerns over the economy and trade weighed on investor sentiment, despite government pledges to open markets and indications of progress in Sino-U.S. trade talks.

At the close, the Shanghai Composite index was down 0.92 percent at 2,994.94.

China has also pledged to “sharply” expand opening of its financial market amid the simmering Sino-U.S. trade war. China will allow greater market access for foreign banks and insurance companies, especially in its financial services sector, Premier Li Keqiang said on Thursday